A typical aid package includes grants or scholarships, a low-interest student loan, and campus
employment. Any outside aid you receive (like a scholarship from a local organization) may
impact your award, so please be sure to alert us to any outside scholarship funding you will
receive. Remember, not all financial aid is created equal. Grants and scholarships do not need to
be repaid, but loans do.
Sample Award Letter
Financial Aid^P000189985^Acker, Alyssa^2017-2018^R25866^^FA GV Award Letter
FinancialAid^P000189985^A
ANNOTATED FINANCIAL AID AWARD PACKAGE – FOR DEMONSTRATION PURPOSES ONLY **
Your financial aid is based on the following statuses: Full Time, On Campus.
E
L
Based on the Financial Aid Office’s review of your 2019-2020 FAFSA and any additional information submitted, we are
pleased to offer you the following financial aid for the 2019-2020 academic year. Please be sure to read this letter in its
entirety and the enclosed Financial Aid Terms and Conditions (also available on the GMercyU website).
Source
GMercyU Grant
Merit Scholarship
E-STEM Scholarship
Federal Pell Grant
PHEAA State Grant
Private Scholarship
Federal Direct Subsidized Student Loan
Federal Direct Unsubsidized Student Loan
Federal Work-Study Program
Total
Loans – Need to be repaid
M
A
S
2019-2020 ESTIMATED Cost Chart
Tuition & Fees
$34,580
Room and Board
$12,470
Estimated Total Charges
$47,050
Gift Aid
Loans
Estimated Total Financial Aid
P
Gift Aid – Does not need to
be repaid
Fall
$1,000
$8,500
$1,500
$2,900
$2,100
$2,000
$1,750
$1,000
$500
-------
$21,250
Spring
$1,000
$8,500
$1,500
$2,900
$2,100
$2,000
$1,750
$1,000
$500
-------
$21,250
Total
$2,000
$17,000
$3,000
$5,800
$4,200
$4,000
$3,500
$2,000
$1,000
-------
$42,500
Please sign, date, and return one copy of this letter indicating your
decision within 14 days, or before May 1 st .
Yes, I accept all aid as indicated above.
$36,000
$ 5,500
$41,500 I accept the aid award with adjustments shown (cross out sources above).
Estimated Total Charges
$47,050
Estimated Total Financial Aid $41,500
Estimated Out-of-Pocket Cost *$ 5,550 Please explain: _______________________________________________
No, I decline the financial aid award.
___________________________________________________________
* Some families use 529 Plan or other savings, or choose to take out a Parent PLUS or Private Student Loan, to bring
their out-of-pocket cost to $0.
My signature certifies that I have read and understand this letter and the Financial Aid Terms and Conditions.
Student Signature: _____________________________________________________ Date: ______________________
** Each financial aid package varies based on an individual student’s academic performance and financial need. This sample
package is for a student with strong academics and significant financial need.
9